Record 3,000-Mile Voyage for Canadian Gas Offers Relief for Asia
- Tourmaline natural gas travels from British Columbia to Texas
- Fuel wins Asia prices that are 10 times Canada’s spot market
A tanker at sea off a Cheniere Energy liquefied natural gas terminal on the US Gulf Coast.
Photographer: F. Carter Smith/Bloomberg PhotosThis article is for subscribers only.
A stream of natural gas that’s being unleashed from British Columbia’s vast reservoirs is blazing a record-setting path through global markets, providing hope for Canada’s beleaguered drillers and relief for energy-hungry economies around the world.
Tourmaline Oil Corp., Canada’s largest natural gas producer, has started shipping the fuel on a roundabout, 3,000-mile journey from northeast British Columbia to Chicago and then southbound to an LNG-chilling facility on the Gulf Coast in Texas. From there, it’s being shipped to ports in Asia or Europe on voyages that can range from 5,000 to 17,000 nautical miles, depending on the route.